What is the factual basis for your statement that the "new company is worth over $100 million?"
We are getting 8% of the new company and that new company is worth over $100 million dollars.
I note that American Resources Corp. (AREC) has a total market cap of a little over $100 million, but American Infrastructure, which did the deal with the CGRA shell to get its publicly traded listing and become publicly traded, was just a small subsidiary of AREC, and not worth anywhere near the total market cap of AREC.